Powering the Electric Vehicle Revolution with Smart Financing

Introduction

As the world races to reduce emissions, electric vehicles (EVs) are gaining traction. evfin, powered by Greaves Finance, is at the forefront of this revolution, making EV ownership accessible to everyone with easy and affordable financing solutions.

Client Overview

evfin is a visionary finance company tackling obstacles in EV adoption. They recognized a need for seamless financing paired with transparent information to empower consumers in their journey to sustainable transport.

Problem Statements

• Emphasizing Customer Frustration- Customers faced a complex web of eligibility criteria, making it difficult to understand their financing options.
• Finding the Right EV & Dealer- EV buyers often struggled to locate available electric two-wheelers and authorized dealers within their area.
• Limited Choices for Your Journey- Customers lacked the ability to compare different loan offers and financing options, for that they required to travel to the nearest dealership.

Solutions

• Personalized Eligibility Check: evfin’s platform allows customers to input their location and desired EV. It instantly calculates loan eligibility, interest rates, and displays nearby dealers. 

• Test Drive Simplicity: Users can book test drives directly through the app, streamlining the EV exploration process.
• Integrated Financial Choices: evfin partnered with ride.fin, zip.fin, and others to offer a diverse range of financing options, including 100% on-road price funding and plans prioritizing high resale value.

• Purchase Ease: After making their choices, the system generates a Sanction Voucher or reference ID, simplifying the final purchase without repetitive form-filling.

Project Outcomes:

• Empowered EV Buyers: evfin breaks down barriers to ownership, giving customers clarity and control over their financing.
• Accelerating EV Adoption: By making the purchase process smooth, evfin fuels the transition to sustainable transportation.